<SEC-DOCUMENT>0000950123-11-059694.txt : 20110617
<SEC-HEADER>0000950123-11-059694.hdr.sgml : 20110617
<ACCEPTANCE-DATETIME>20110617093516
ACCESSION NUMBER:		0000950123-11-059694
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20110617
DATE AS OF CHANGE:		20110617

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MITCHAM INDUSTRIES INC
		CENTRAL INDEX KEY:			0000926423
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				760210849
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-172935
		FILM NUMBER:		11917158

	BUSINESS ADDRESS:	
		STREET 1:		8141 SH 75 SOUTH
		STREET 2:		PO BOX 1175
		CITY:			HUNTSVILLE
		STATE:			TX
		ZIP:			77342
		BUSINESS PHONE:		9362912277

	MAIL ADDRESS:	
		STREET 1:		P O BOX 1175
		CITY:			HUNTSVILLE
		STATE:			TX
		ZIP:			77342

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MITCHAM INDUSTRIES INC
		CENTRAL INDEX KEY:			0000926423
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				760210849
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		8141 SH 75 SOUTH
		STREET 2:		PO BOX 1175
		CITY:			HUNTSVILLE
		STATE:			TX
		ZIP:			77342
		BUSINESS PHONE:		9362912277

	MAIL ADDRESS:	
		STREET 1:		P O BOX 1175
		CITY:			HUNTSVILLE
		STATE:			TX
		ZIP:			77342
</SEC-HEADER>
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<TYPE>FWP
<SEQUENCE>1
<FILENAME>h82856fwfwp.htm
<DESCRIPTION>FWP
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">File pursuant to Rule&nbsp;433<BR>
Registration Statement No.&nbsp;333-172935<BR>
June&nbsp;17, 2011

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Mitcham Industries, Inc.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Pricing Term Sheet &#151; June&nbsp;17, 2011</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>2,000,000 Shares of Common Stock</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This free writing prospectus relates only to the securities described below and should be read
together with the preliminary prospectus supplement dated June&nbsp;16, 2011 and the prospectus dated
June&nbsp;3, 2011 relating to these securities.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
</TR>
<TR></TR>
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<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Offering price:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$14.50 per share of common stock</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Option to purchase additional shares:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">300,000 additional shares of common stock (30 days)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Proceeds, net of
underwriting discounts and expenses:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$27,170,000 (excluding
option to purchase additional shares of common stock) or $31,283,000 (including exercise of option to purchase additional shares of common stock)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Trade Date:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June 17, 2011</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Settlement Date:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June 22, 2011</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Issuer Symbol:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MIND</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Exchange:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Nasdaq Global Market</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>CUSIP:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">606501104</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Underwriters:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Global Hunter Securities, LLC</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ladenburg Thalmann &#038; Co. Inc.</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Certain of the underwriters and their affiliates may from time to time in the future provide
to us and our affiliates certain commercial banking, financial advisory, investment banking and
other services in the ordinary course of their business, for which they would receive customary
fees and commissions. In addition, Peter H. Blum, who serves as the Non-Executive Chairman of our
Board of Directors, is also Vice Chairman and Head of Capital Markets of Ladenburg Thalmann. From
time to time, certain of the underwriters and their affiliates may effect transactions for their
own account or the account of customers, and hold on behalf of themselves or their customers, long
or short positions in our debt or equity securities or loans, and may do so in the future.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Mitcham Industries, Inc. has filed a registration statement (including a prospectus) on Form
S-3 with the Securities and Exchange Commission (SEC)&nbsp;for the offering to which this communication
relates. Before you invest, you should read the prospectus supplement to the prospectus in that
registration statement and other documents the issuer has filed with the SEC for more complete
information about Mitcham Industries, Inc. and this offering. You may get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, the underwriters
or any dealer participating in the offering will arrange to send you the prospectus and the related
prospectus supplement if you request them by calling Global Hunter Securities at (646)&nbsp;264-5600 or
by calling Ladenburg Thalmann at (212)&nbsp;409-2000.</I></B>
</DIV>



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